2012 March Market Report

Page 1

Grand Strand Market Report March 2012 March has proved to be a strong month for sales along the Grand Strand. SFR sales show the best 1st quarter (# of sales) since 2007. SFR and Condo inventory show a seasonal increase; however, as compared to last years levels, SFR and condo inventory levels are down 7.5% and 6.2% respectively. SFR distressed inventory has continued to rise for 4 straight months. March SFR sales are up as expected (22% from February), and show a 4.4% decrease from March 2011. SFR distressed sales continue to pull down the median sales price, as March distressed sales make up 31.2% of all SFR sales with a median sales price of less than $125,000. Since 2nd Quarter 2011, non-distressed SFR median sales price has remained steady at approximately $180,000. March condo sales are up 27% from last month and median sales price shows an increase (up 11% from February 2012 levels). This increase was driven by a fewer percentage of cash transactions. Year to date, condo sales are down 2.6% as compared to 2011 levels, a result of limited financing. Year to date, distressed condo sales account for 35% of sales, with an approximate distressed median selling price of $75,000. Nondistressed condo median sales price has remained relatively steady (around $115,000) since January 2011. In March, residential lots show a continued increase in number (up 56% from last years level and 82% from 2010 levels).The median price for lots along the Grand Strand continues to decrease as a reflection of the number of distressed sales (46% of sales YTD).

Research powered by SiteTech Systems

Contents Active Inventory

2

Closed Sales – SFR

3

Avg. Sales Price – SFR

4

Median Sales Price – SFR

5

Median Sales Price – SFR (Distressed & Non‐Distressed)

6

Median Sales Price – SFR (Cash & Conventional Transactions)

7

Closed Sales – Condo

8

Avg. Sales Price – Condo

9

Median Sales Price – Condo

10

Median Sales Price–Condo (Distressed & Non‐ Distressed)

11

Median Sales Price – Condo (Cash & Conventional Transactions)

12

Closed Sales – Residential Lot

13

Avg. Sales Price – Residential Lot

14

Median Sales Price – Residential Lot

15

Median Sales Price – Res. Lot (Non‐Distressed)

16


Grand Strand Active Inventory Single Family Residential

Condo/Townhome # Listings

# Listings Horry Co.

3,813

Georgetown Co. Total

Horry Co.

4,348

Georgetown Co.

843

Residential Lot Horry Co.

441 Total

4,656

# Listings 1,975

Georgetown Co.

4,789

755 Total

2,730

Average List Price $346,223

Average List Price $190,883

Average List Price $128,803

Median List Price $225,000

Median List Price $135,000

Median List Price $60,000

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

1,108

92

$150k ‐ $250k

1,325

144

$250k ‐ $500k

962

331

$500k ‐ $1.0 MM $1 MM +

323 95

Horry Co.

G’town Co.

Less than $100k

1,445

68

$100k ‐ $150k

1,089

95

$150k ‐ $200k

631

90

$200k ‐ $400k

865

120

166 110

$400k ‐$750k

260

60

$750+

58

28

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

385

46

$25k ‐ $50k

663

90

$50k ‐ $75k

288

80

$75k‐100k

184

102

$100k‐175k

201

150

$175k ‐250k

106

126

$250k+

148

161

2


Closed Sales ‐ SFR March

Year to Date 342

849

327 804

302 719

2010

2011

2012

2010

2011

2012

Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05

Mar. 2012 327

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12

3


Average Sales Price ‐ SFR Year to Date

March $240,700

$230,653 $226,477

$225,022

$222,028

$218,549

2010

2011

2012

2010

2011

2012

Historical Activity $375,000 $345,000 $315,000 $285,000 Mar. 2012 $225,022

$255,000 $225,000 $195,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

4


Median Sales Price ‐ SFR Year to Date

March

$189,990

$185,050

$177,000

$172,000

$169,000

2011

2012

$164,445

2010

2011

2012

2010

Historical Activity $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 Mar. 2012 $164,445

$190,000 $180,000 $170,000 $160,000 $150,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

5


Median Sales Price – SFR Distressed & Non‐Distressed $250,000

$225,000

$200,000

Non‐Distressed

$175,000

Distressed Combined $150,000

$125,000

Research performed by SiteTech Systems

Mar‐12

Feb‐12

Jan‐12

Dec‐11

Nov‐11

Oct‐11

Sep‐11

Aug‐11

Jul‐11

Jun‐11

May‐11

Apr‐11

Mar‐11

Feb‐11

Jan‐11

Dec‐10

Nov‐10

Oct‐10

Sep‐10

Jul‐10

Aug‐10

Jun‐10

May‐10

Apr‐10

Mar‐10

Feb‐10

Jan‐10

$100,000

6


Median Sales Price – SFR Cash & Conventional Transactions $225,000

$215,000

$205,000

$195,000

$185,000 Cash $175,000

Conventional Combined

$165,000

$155,000

$145,000

$135,000

$125,000 Jan‐10

Apr‐10

Jul‐10

Oct‐10

Jan‐11

Apr‐11

Jul‐11

Oct‐11

Research performed by SiteTech Systems

Jan‐12

7


Closed Sales ‐ Condo March

Year to Date

821

374

800

346

788 326

2010

2011

2010

2012

2011

2012

Historical Activity 1050 850 650

Mar. 2012 326

450 250 50 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

8


Average Sales Price ‐ Condo March

Year to Date $144,486 $120,000

$149,176 $129,825

$138,258 $127,672

2010

2011

2010

2012

2011

2012

Historical Activity $400,000 $350,000 $300,000 $250,000 $200,000

Mar. 2012 $129,825

$150,000 $100,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

10‐Jan

10‐Jul

11‐Jan

11‐Jul

Jan 12

9


Median Sales Price ‐ Condo March

Year to Date

$120,000

$120,000 $114,550

$106,900

$105,000

2010

2011

$100,000

2010

2012

2011

2012

Historical Activity $275,000 $255,000 $235,000 $215,000 $195,000 $175,000 $155,000 $135,000 $115,000 $95,000 $75,000 Jan 05

Mar. 2012 $105,000

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

10


Median Sales Price – Condo Distressed & Non‐Distressed $140,000

$130,000

$120,000

$110,000

Non‐Distressed

$100,000

Distressed Combined

$90,000

$80,000

$70,000

Research performed by SiteTech Systems

Mar‐12

Feb‐12

Jan‐12

Dec‐11

Nov‐11

Oct‐11

Sep‐11

Aug‐11

Jul‐11

Jun‐11

May‐11

Apr‐11

Mar‐11

Feb‐11

Jan‐11

Dec‐10

Nov‐10

Oct‐10

Sep‐10

Aug‐10

Jul‐10

Jun‐10

May‐10

Apr‐10

Mar‐10

Feb‐10

Jan‐10

$60,000

11


Median Sales Price – Condo Cash & Conventional Transactions $170,000

$150,000

$130,000

Cash

$110,000

Conventional Combined

$90,000

$70,000

Research performed by SiteTech Systems

Feb‐12

Mar‐12

Jan‐12

Dec‐11

Nov‐11

Oct‐11

Sep‐11

Aug‐11

Jul‐11

Jun‐11

May‐11

Apr‐11

Feb‐11 Mar‐11

Jan‐11

Dec‐10

Nov‐10

Oct‐10

Sep‐10

Aug‐10

Jul‐10

Jun‐10

May‐10

Apr‐10

Feb‐10 Mar‐10

Jan‐10

$50,000

12


Closed Sales – Residential Lot March

Year to Date 234

89 68

74

155 133

2010

2011

2010

2012

2011

2012

Historical Activity 310 260 210 160

Mar. 2012 89

110 60 10 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

13


Average Sales Price – Residential Lot March

Year to Date

$90,818

$99,178

$74,097

$64,313

$87,569 $63,813

2010

2011

2010

2012

2011

2012

Historical Activity $300,000 $250,000 $200,000

Mar. 2012 $87,569

$150,000 $100,000 $50,000 $0 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

14


Median Sales Price – Residential Lot March

Year to Date

$79,950

2010

$60,000 $38,000

$35,000

2011

2012

2010

$38,000

$35,000

2011

2012

Historical Activity $150,000 $125,000 $100,000

Mar. 2012 $35,000

$75,000 $50,000 $25,000 $0 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

15


Median Sales Price – Res. Lot (Non‐Distressed) March

Year to Date $45,000

$85,000

2010

$55,775

$53,000

$42,500

2011

2012

2010

$41,500

2011

2012

Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $‐

Mar. 2012 $53,000

Jan 10

Apr 10

Jul 10

Oct 10

Jan 11

Apr 11

Research performed by SiteTech Systems

Jul 11

Oct 10

Jan 12

16


Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速

March 2012

Quick Facts

This spring, expect signs of recovery to start blossoming around town. But be aware that this won't necessarily be the case for every neighborhood nor every market segment. For the 12-month period i A h h March M h 2012, 2012 Closed Cl dS l iin the h C spanning Aprilil 2011 through Sales Coastall Carolinas region were up 3.1 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 9.9 percent. The overall Median Sales Price was down 5.5 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 4.8 percent to $163,355. The price range that tended to sell the quickest was the $150,000 and Below range at 169 days; the price range that tended to sell the slowest was the $300,001 and Above range at 214 days. Market-wide, inventory levels were down 15.8 percent. The property type that lost the least inventory was the Townhouse-Condo segment, where it decreased 12.7 percent. That amounts to 11.1 months supply for SingleFamily homes and 13.2 months supply for Condos.

+ 9.9%

+ 6.8%

+ 4.9%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$150,000 and Below

4 Bedrooms or More

Single-Family Homes

Closed Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory

2 3 4 5 6 7

Click on desired metric to jump to that page.

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1


Closed Sales A count of the actual sales that have closed. Based on a rolling 12-month total.

By Price Range 3-2011

By Bedroom Count

3-2012

3-2011

3-2011

3,707

4,068

By Property Type

3-2012

3-2012 3,623

3,770

3,702

2,205

3,453

2,265

3,346 1,340

1,269

1,337 827

1,009

789 546

1,355

3,338

927

536

+ 9.9%

- 0.2%

- 4.6%

- 1.8%

- 8.1%

+ 2.7%

+ 1.7%

+ 6.8%

+ 4.9%

- 0.2%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

Single-Family Homes

Condos

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

$150,000 and Below

3,702

4,068

+ 9.9%

1,432

1,704

+ 19.0%

2,270

2,364

+ 4.1%

$150,001 to $200,000

1,340

1,337

- 0.2%

859

859

0.0%

481

478

- 0.6%

$200,001 to $250,000

827

789

- 4.6%

564

525

- 6.9%

263

264

+ 0.4%

$250,001 to $300,000

546

536

- 1.8%

352

373

+ 6.0%

194

163

- 16.0%

$300,001 and Above

1,009

927

- 8.1%

691

680

- 1.6%

318

247

- 22.3%

All Price Ranges

7,424

7,657

+ 3.1%

3,453

3,623

+ 4.9%

3,346

3,338

- 0.2%

By Bedroom Count

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

2,205

2,265

+ 2.7%

246

250

+ 1.6%

1,959

2,015

+ 2.9%

3 Bedrooms

3,707

3,770

+ 1.7%

2,534

2,663

+ 5.1%

1,173

1,107

- 5.6%

4 Bedrooms or More

1,269

1,355

+ 6.8%

1,117

1,228

+ 9.9%

152

127

- 16.4%

All Bedroom Counts

7,424

7,657

+ 3.1%

3,453

3,623

+ 4.9%

3,346

3,338

- 0.2%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 2


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

By Price Range 3-2011

By Bedroom Count

3-2012

3-2011

By Property Type 3-2011

3-2012 196

216

163

170

180

180

214

198

188 169

197

3-2012

173

182

178 177

176 169

174

168

172

+ 3.9%

+ 10.6%

+ 4.9%

+ 11.5%

- 0.6%

+ 4.4%

+ 5.3%

+ 0.2%

+ 5.1%

+ 3.6%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

3-2011

3-2012

Single-Family Homes

Condos

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

$150,000 and Below

163

169

+ 3.9%

157

170

+ 8.4%

167

169

+ 1.0%

$150,001 to $200,000

170

188

+ 10.6%

161

176

+ 8.8%

185

211

+ 13.6%

$200,001 to $250,000

173

182

+ 4.9%

167

175

+ 5.1%

187

194

+ 3.6%

$250,001 to $300,000

178

198

+ 11.5%

177

190

+ 7.2%

180

224

+ 24.8%

$300,001 and Above

216

214

- 0.6%

221

216

- 2.4%

202

210

+ 4.0%

All Price Ranges

173

180

+ 4.3%

172

180

+ 5.1%

174

180

+ 3.6%

By Bedroom Count

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

169

176

+ 4.4%

159

181

+ 13.8%

170

175

+ 3.3%

3 Bedrooms

168

177

+ 5.3%

163

174

+ 7.2%

181

185

+ 2.2%

4 Bedrooms or More

196

197

+ 0.2%

195

193

- 0.8%

207

230

+ 11.1%

All Bedroom Counts

173

180

+ 4.3%

172

180

+ 5.1%

174

180

+ 3.6%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 3


Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

By Bedroom Count 3-2011

By Property Type 3-2011

3-2012

$265,745

3-2012

$171,610

$255,000 $146,000

$163,355

$138,000 $116,000

$155,000 $100,000

$106,700

$149,950

$90,000

- 10.0%

- 3.3%

- 4.0%

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

- 5.5%

All Properties By Bedroom Count

- 4.8%

All Properties p

Single-Family g y Homes

Single-Family Homes

- 8.0% Condos

Condos

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

$100,000

$90,000

- 10.0%

$110,000

$94,900

- 13.7%

$100,000

$90,000

- 10.0%

3 Bedrooms

$155,000

$149,950

- 3.3%

$156,000

$148,000

- 5.1%

$152,000

$155,000

+ 2.0%

4 Bedrooms or More

$265,745

$255,000

- 4.0%

$260,000

$250,000

- 3.8%

$300,000

$289,500

- 3.5%

All Bedroom Counts

$146,000

$138,000

- 5.5%

$171,610

$163,355

- 4.8%

$116,000

$106,700

- 8.0%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4


Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

By Price Range 3-2011

By Bedroom Count

3-2012

3-2011 95.3%

95.3% 95.0%

3-2011

3-2012

94.8% 95.0%

95.0%

By Property Type

3-2012

94.5%

94.6%

94.6%

94.4% 93.9%

93.8%

93.8%

93.7% 93.2%

93.3% 93.0%

93.7% 92.9% 93.3%

- 0.5%

- 0.3%

- 0.4%

- 0.3%

+ 0.7%

- 0.4%

- 0.3%

- 0.2%

- 0.3%

- 0.5%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

3-2011

3-2012

Single-Family Homes Change

3-2011

3-2012

Change

Condos 3-2011

3-2012

Change

$150,000 and Below

93.8%

93.3%

- 0.5%

94.1%

93.4%

- 0.7%

93.6%

93.2%

- 0.4%

$150,001 to $200,000

95.3%

95.0%

- 0.3%

95.9%

95.7%

- 0.2%

94.1%

93.8%

- 0.3% - 0.8%

$200,001 to $250,000

95.0%

94.6%

- 0.4%

95.6%

95.6%

- 0.1%

93.5%

92.8%

$250,001 to $300,000

95.3%

95.0%

- 0.3%

96.0%

95.9%

- 0.1%

94.0%

92.5%

- 1.6%

$300,001 and Above

93.0%

93.7%

+ 0.7%

92.6%

93.6%

+ 1.0%

94.0%

94.1%

+ 0.1%

All Price Ranges

94.2%

93.9%

- 0.3%

94.6%

94.4%

- 0.3%

93.7%

93.3%

- 0.5%

By Bedroom Count

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

93.2%

92.9%

- 0.4%

92.0%

91.2%

- 0.9%

93.4%

93.1%

- 0.3%

3 Bedrooms

94.8%

94.5%

- 0.3%

95.2%

94.9%

- 0.3%

94.0%

93.6%

- 0.4%

4 Bedrooms or More

93.9%

93.8%

- 0.2%

93.9%

93.8%

- 0.1%

93.8%

93.4%

- 0.4%

All Bedroom Counts

94.2%

93.9%

- 0.3%

94.6%

94.4%

- 0.3%

93.7%

93.3%

- 0.5%

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5


Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range 3-2011

By Bedroom Count

3-2012

3-2011

By Property Type 3-2011

3-2012

3-2012

4,280

4,105

4,926

3,561

3,385

4,711 4,111

4,091

3,030 2,653 2,165

2,037

2,019

1,753

1,625 1,261 982

881

760

656

- 17.5%

- 22.4%

- 10.3%

- 13.7%

- 6.7%

- 12.4%

- 16.8%

- 13.9%

- 17.0%

- 12.7%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

Single-Family Homes

Condos

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

$150,000 and Below

4,105

3,385

- 17.5%

1,514

1,111

- 26.6%

2,591

2,274

- 12.2%

$150,001 to $200,000

1,625

1,261

- 22.4%

894

687

- 23.2%

731

574

- 21.5%

$200,001 to $250,000

982

881

- 10.3%

589

545

- 7.5%

393

336

- 14.5%

$250,001 to $300,000

760

656

- 13.7%

469

404

- 13.9%

291

252

- 13.4%

$300,001 and Above

2,165

2,019

- 6.7%

1,460

1,344

- 7.9%

705

675

- 4.3%

All Price Ranges

9,637

8,202

- 14.9%

4,926

4,091

- 17.0%

4,711

4,111

- 12.7%

By Bedroom Count

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

3,030

2,653

- 12.4%

303

264

- 12.9%

2,727

2,389

- 12.4%

3 Bedrooms

4,280

3,561

- 16.8%

2,817

2,286

- 18.8%

1,463

1,275

- 12.9%

4 Bedrooms or More

2,037

1,753

- 13.9%

1,805

1,541

- 14.6%

232

212

- 8.6%

All Bedroom Counts

9,637

8,202

- 14.9%

4,926

4,091

- 17.0%

4,711

4,111

- 12.7%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6


Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

By Price Range 3-2011

By Bedroom Count

3-2012

3-2011

25.3

By Property Type

3-2012

3-2011

25.3

3-2012

15.7

15.0 19.1

13.2

16.1 16.8 14.5

14.2

13.0

13.0

13.2 13.8

11.1

14.6

13.6 10.6

10.6

9.3

- 28.5%

- 26.7%

- 9.0%

- 17.8%

- 0.0%

- 18.0%

- 22.0%

- 23.6%

- 26.0%

- 15.7%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

3-2011

3-2012

Single-Family Homes Change

3-2011

3-2012

Change

Condos 3-2011

3-2012

Change

$150,000 and Below

13.0

9.3

- 28.5%

12.4

7.1

- 42.6%

13.3

10.9

- 18.4%

$150,001 to $200,000

14.5

10.6

- 26.7%

12.8

9.2

- 27.9%

17.4

13.1

- 24.9%

$200,001 to $250,000

14.2

13.0

- 9.0%

12.8

12.0

- 6.1%

17.0

14.8

- 13.3%

$250,001 to $300,000

16.8

13.8

- 17.8%

15.3

12.5

- 18.5%

19.7

16.5

- 16.2%

$300,001 and Above

25.3

25.3

- 0.0%

24.8

22.7

- 8.3%

26.5

32.8

+ 23.7%

All Price Ranges

15.3

12.1

- 21.3%

15.0

11.1

- 26.0%

15.7

13.2

- 15.7%

By Bedroom Count

3-2011

3-2012

Change

3-2011

3-2012

Change

3-2011

3-2012

Change

2 Bedrooms or Less

16.1

13.2

- 18.0%

14.7

11.2

- 23.9%

16.3

13.5

- 17.2%

3 Bedrooms

13.6

10.6

- 22.0%

13.3

9.7

- 26.8%

14.4

12.8

- 11.0%

4 Bedrooms or More

19.1

14.6

- 23.6%

19.0

14.2

- 25.6%

19.7

19.0

- 3.8%

All Bedroom Counts

15.3

12.1

- 21.3%

15.0

11.1

- 26.0%

15.7

13.2

- 15.7%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.